Ulta Beauty, Inc. shares have been in strong demand lately. The technical chart pattern looks positive which may give rise to new gains. Investors have an opportunity to buy the stock and target the $ 423.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The company has solid fundamentals for a short-term investment strategy.
The company is in a robust financial situation considering its net cash and margin position.
Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.
Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
The group usually releases upbeat results with huge surprise rates.
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